UBS Group AG acquires 4.8% stake in 360 ONE WAM after exercising warrants

UBS Group AG has acquired a 4.8% stake in Mumbai-based 360 ONE WAM after exercising more than 20.5 million warrants issued by the company.

UBS exercises 360 ONE warrants

The Swiss banking group completed the transaction by exercising over 20.5 million warrants linked to 360 ONE WAM. The exercise has resulted in UBS holding a 4.8% interest in the company.

The transaction establishes UBS as a shareholder in 360 ONE WAM. The available information does not disclose the value of the stake, the exercise price of the warrants or the timing of the transaction.

What the transaction means

The deal connects UBS directly with 360 ONE WAM through an equity position created from the exercise of company-issued warrants. It also marks a change in UBS’s position from holding warrants to owning shares representing 4.8% of the business.

No further details were provided on UBS’s plans for the stake, the intended use of the proceeds by 360 ONE WAM or any changes to the company’s operations. The transaction’s immediate impact beyond the ownership change was also not specified.

Key details

• UBS Group AG exercised more than 20.5 million warrants.
• The warrants were issued by 360 ONE WAM.
• UBS acquired a 4.8% stake in the Mumbai-based company.

The warrant exercise gives UBS a defined ownership interest in 360 ONE WAM, while additional financial and strategic details remain unavailable.